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Level 2
February 5, 2022
Question

Schedules K-2 and K-3

  • February 5, 2022
  • 4 replies
  • 28 views

Why doesn't Lacerte automatically generate Schedules K-2 and K-3 for partnerships and s corps?

This topic has been closed for replies.

4 replies

Level 3
February 4, 2022

Add K-2 and K-3 automatic data population

sjrcpa
Level 15
February 4, 2022

What do you think should auto populate?

The more I know the more I don’t know.
sjrcpa
Level 15
February 5, 2022

Good question.

The more I know the more I don’t know.
abctax55
Level 15
February 5, 2022

Because Lacerte/Intuit have decided that, despite the price & the continual substantial annual increases, they no longer want to be a premium tax software supplier?

If I have to do required forms by hand,  verify basic math functions, review carefully to make sure my expensive, supposed "Top of the Line" isn't missing a required form (and can't even provide diagnostics pointing it out) - then I'll switch to something a lot less expensive.   Since I'm having to spend extra time on returns, I can use the money I save to hire more employees.

HumanKind... Be Both
Level 2
February 8, 2022

Does anyone know if you efile a return with K-2 and K-3 completed prior to the IRS computers being ready to process, will the return be processed correctly with those forms?  The latest I have seen is that the IRS will not be ready to process partnerships until 3/20 and S corp's until mid June.  The recommendation is to attach a PDF of those forms, but I efiled a partnership Saturday with K-2 and K-3 and it was accepted today without diagnostics.